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Top 10 Manufacturing Countries

By Jacob Smith, Sales ManagerJanuary 5, 2017

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The recent U.S. election has industry experts forecasting growth in the manufacturing sector. Where would that leave the U.S. in manufacturing competitiveness compared to other countries? We’ve compiled a ranking of the top 10 manufacturing countries currently based on a GMCI (global manufacturing competitiveness index) as detailed by Deloitte Global and the Council on Competitiveness, as well as how those rankings predict to change in 2020.

China

Manufacturing GDP over $1,750B+ which comprises nearly 1/3 of the entire GDP

Labor cost of $3.28/hr, well below average, with exports of over $2,190B

25% corporate tax rate

*Low GDP/person and disposable income have experts predicting China will drop to #2 by 2020

U.S.A.

Manufacturing GDP of $1,800B+ which is only around 12% of total GDP

High labor cost of over $37/hr, but exports of over $1,030B+

Highest corporate tax rate at 39.5%

*Labor productivity and high disposable income have caused experts to predict a rise to #1 by 2020 for the United States

Germany

Manufacturing GDP of $6.6B, or about 1/5 of total GDP

High labor costs of over $40/hr are well above average, but great labor productivity makes up for this, giving them manufacturing exports of $1,240B+

Corporate tax rate is on the higher side at 33%

*Steady manufacturing, exports, cost of labor and disposable income will keep Germany in the #3 position in 2020

Japan

Manufacturing GDP just over $1,000B, which is just shy of 1/5 of their total GDP

Labor productivity is around average, with exports of just shy of $600B

Corporate tax rate of 33.1%

*Data indicates Japan will remain at #4 in 2020

South Korea

Manufacturing GDP of roughly $350B, which is around 1/3 of total GDP

Cost of labor and manufacturing exports are higher than average at $20/71/hr and nearly $500B

Corporate tax rate of 24.5%

*Experts predict South Korea will slip slightly to #6 on this list come 2020

United Kingdom

Manufacturing GDP of $245B, <10% of total GDP

Labor productivity of nearly $78k in GDP/person and almost $350B in manufacturing exports

20% corporate tax rate

*High labor costs and an exit from the European Union have experts predicting the U.K. will drop to #8 in 2020

Taiwan

Manufacturing GDP of $178B, almost 1/3 of total GDP

Cheap labor cost of $9.42/hr with average labor productivity of almost $60k in GDP/person

17% corporate tax rate

*Competition with China and below average GDP data has experts predicting Taiwan will drop to #9 in 2020

Mexico

Manufacturing GDP is below average at $160B+, around 18% of total GDP

Low labor cost of $6.24/hr and higher than average exports of $309B make up for this number

30% corporate tax rate

*Experts predict a rise to #7 for Mexico on the 2020 list

Canada

Manufacturing GDP of $145B is just over 10% of total GDP

Labor cost is high at $30.59/hr, but productivity is above average at $83,000+ in GDP/person

Corporate tax rate of 31%

*Canada is predicted to slide to #10 on the 2020 competitiveness list

Singapore

Manufacturing GDP of just less than $50B is over 18% of total GDP

Labor cost is higher than average at $24.51/hr, but productivity is very high at over $142,000 in GDP/person

Corporate tax rate of 17%

*Singapore is predicted to fall out of the 2020 #10, sliding to #11

Many industry experts agree that shifts to higher value manufacturing and advanced technologies will be key in remaining competitive on a global scale. The line has begun to blur between digital and traditional forms of manufacturing, making it a unique landscape moving forward. What do you think this list will look like in 2020 and beyond? Share your thoughts with us in the comments section below!

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